Have Rich Parents or Play the Lotto
My thanks to College Humor.com and an astute financial aid administrator for making me aware of this hilarity! See more at CollegeHumor
Obama’s Proposed Budget Seeks to Prevent Doubling of Student Loan Interest Rate
The Obama Administration's budget request to Congress for fiscal year 2013 includes several proposals related to student loans. In the proposed budget, the President recommends extending the 3.4% interest rate on undergraduate Subsidized Stafford student loans for one year, preventing the interest rate from doubling to 6.8 % on July 1. The budget further proposes eliminating the interest subsidy for borrowers who remain in-school beyond 150 percent of their program length. The administration estimates that this would save $1.8…
Heather Disses Private Student Loans All Official Like
Usually I try to use my goofiest Mr. Mackey voice when I'm dissing on private student loans, but when the Consumer Financial Protection Bureau invited comment to inform their private student loan policy agenda, I decided it was time to get serious. Here's the text of what I submitted. All the comments will ultimately be posted on regulations.gov Comment in Response to Request for Information Regarding Private Education Loans and Private Educational Lenders Regarding Docket No.: CFPB-2011-0037 Thank you for requesting input regarding…
Quick! Speak Up About Private Loans
Some people don't want me to say what I think about private student loans, but the Consumer Financial Protection Bureau wants to hear from all of us about this important subject. As for me, I'm not a big fan of private student loans. I don't like having to tell borrowers that private student loans aren't eligible for Income-Based Repayment or Public Service Loan Forgiveness. I don't like telling borrowers that, when the federal government calculates how much a borrower can afford to pay under Income-Based…
Student Loan Management for Lawyers
Stressed about your student loans from law school? On The Legal ToolKit, host Jared Correia, Law Practice Management Advisor with Mass. LOMAP, joins Heather Jarvis, student loan expert and former capital defense attorney, to discuss student loan management. Heather offers her insight on consolidation, Public Service Loan Forgiveness, Income-Based Repayment and how lawyers can reduce, or better manage their payments.
